(The word billion is used in this thread for brevity. It’s a North American billion, worth 1000 million.)
Inspired by this recent thread, which I didn’t want to hijack. It discussed the Tappan Zee bridge replacement project, which has a budget of about 3.9 billion U.S. dollars.
A major point of concern in my area is the replacement of the crumbling Champlain bridge in Montréal. The minister has just promised a replacement by 2018. The plans have not been finalised and certainly not been made public yet, but pundits are estimating the cost at about 3 billion Canadian dollars (2.8 billion U.S. dollars), with some going as high as 5 billion. The original bridge cost 50 million Canadian dollars in the early 1960s, which I’m told would translate to 500-600 million in today’s dollars.
To my untrained eye, the two projects seem similar (length, amount of traffic, etc.).
There’s also the Bay Bridge replacement in California, admittedly a larger project, which cost about 6.4 billion U.S. dollars.
Yet I read about similar or larger bridges built elsewhere in the world for much less money.
Rio-Antirrio bridge (2004): 700 million euros (948 million U.S. dollars)
Sutong bridge (2008): 1.7 billion U.S. dollars, but it’s about twice the length
Øresund bridge and tunnel (2000): 30 billion DKK (5.45 billion U.S. dollars), but it’s about 3-4 times the scale
Viaduc de Millau (2004): 400 million euros (542 million U.S. dollars) (yeah, I know, it’s on dry land, but just look at it)
What’s so special about North America to drive up the costs? Or is my selection biased (counterexamples please)?